Lot A

We are delighted to offer 14 Downside for sale for the first time.  Built originally as a farm workers cottage for a nearby farm, the cottage now requires a scheme of renovation and modernisation throughout but offers a great deal of scope and potential to create a lovely home, subject of course to gaining any of the necessary consents.  

The cottage is approached from the road to the north via a large area that has previously been used for off road parking.  This area has recently been cleared a suitable surface would be required before it can be parked on but offers ample space for several vehicles.  

On the ground floor there is an entrance lobby with doors leading to the bathroom, kitchen and then in turn to the first reception room.  This is a light, dual aspect room with an open fireplace with a tiled hearth and surround.  A door leads through to the original entrance hall with a door to the garden, stairs to the first floor and door to the second reception room which, again, is a pleasant room with an open fireplace.  

On the first floor there are three bedrooms, two being double rooms and the third a large single.

Outside

There are two useful stores to the rear of the property.

The gardens lie to the front, side and rear of the cottage and extend to approximately 0.36 acres.  They are currently completely uncultivated and offer a blank canvas for any buyer to be able to put their own mark on the space.  

Lot B

The Paddock

Guide Price £40,000 to £60,000

Immediately adjoining the garden is a paddock of approximately 1/2 an acre of pasture and copse that will be offered to the buyer of the cottage at a fixed price of £60,000 immediately on the fall of the hammer for the cottage.  If they do not chose to exercise this option it will be offered as a separate lot.

The paddock benefits from direct access from the public highway to the side and, subject to gaining any of the necessary consents would be suited to a variety of uses including garden extension or small holding.    It is enclosed by a combination of post and wire stock fencing and mature hedges.  It is predominantly level in aspect with a slight incline towards the eastern boundary and the copse.  

Planning

Lot B will be sold with an uplift clause of 25% to last for a period of 80 years.  Further details will be contained in the legal pack.

Completion

Completion for both lots has been set for Thursday 25th April 2024, or earlier by arrangement.

Services

Mains water, electricity and drainage are all connected to the property.  However, potential purchasers must rely on their own enquiries with regard to the location of services and any connections into them.

Heating

None

Local Authority

Somerset Council (Mendip)

Council tax band C

Registering to bid and Administration fee

Cooper and Tanner require all bidders who wish to bid at our Auction to register beforehand. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1295 inc VAT can be paid if you are successful. A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyer’s Administration fee is payable per lot purchased. If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought. All checks required by current anti-money laundering legislation must be satisfactorily completed, as part of the registration process before prior approval to bid will be granted; this will include providing proof of funds.

Deposit

Successful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours of the auction. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from.

Solicitor

Farrar and Co LLP, London

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